Report Description Report Description and Highlights

India Interior Design Market Trends :

In India, the increasing preferences for luxury residential spaces due to inflating consumer expenditure capacities, elevating living standards, and rapid urbanization represents the primary factor driving the market growth. Besides this, the shifting inclination among individuals toward theme-based designs for homes and offices, coupled with the growing influence of social media, has accelerated product adoption rates. Additionally, there has been a significant rise in the demand for affordable interior design services in residential and commercial complexes to enhance their appearance and space efficiency. In line with this, the surging investments in real estate, co-working spaces, and commercial properties across the country have augmented the product demand. Furthermore, the Government of India is taking favorable initiatives to strengthen public infrastructure by developing commercial buildings such as multiplexes, airports, shopping malls, and private institutions. Along with this, the development of cloud-based interior designing software to reduce the instances of remodeling and restructuring design and identifying, monitoring, and accessing disparities between the proposed and actual building plan has catalyzed the market growth. Other factors, including the emerging trend of smart homes, rapid expansion in the construction industry, increasing funding for renovations and intrastromal projects, rising number of architects and interior designers, and ongoing technological advancements, are also providing a positive impact on the market growth. Looking forward, IMARC Group expects the market value to reach US$ 51.4 Billion by 2028, growing at a CAGR of 10.3% during 20232028.

Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).